Bursa Announcements

Date : 02 January 2020

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ATRIUM REAL ESTATE INVESTMENT TRUST ("ATRIUM REIT") PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD ON BEHALF OF ATRIUM REIT OF PARCELS OF LAND WITH BUILDING(S) ERECTED THEREON HELD UNDER GERAN H.S. (D) 172494 AND GERAN H.S. (D) 167421, TOWN OF SHAH ALAM, MUKIM OF DAMANSARA, DISTRICT OF PETALING AND STATE OF SELANGOR DARUL EHSAN ("PROPERTY") FROM PERMODALAN NASIONAL BERHAD ("PNB" OR "THE VENDOR") FOR A CASH CONSIDERATION OF RM45.0 MILLION ("PROPOSED ACQUISITION")

ATRIUM REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
ATRIUM REAL ESTATE INVESTMENT TRUST ("ATRIUM REIT")

PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD ON BEHALF OF ATRIUM REIT OF PARCELS OF LAND WITH BUILDING(S) ERECTED THEREON HELD UNDER GERAN H.S. (D) 172494 AND GERAN H.S. (D) 167421, TOWN OF SHAH ALAM, MUKIM OF DAMANSARA, DISTRICT OF PETALING AND STATE OF SELANGOR DARUL EHSAN ("PROPERTY") FROM PERMODALAN NASIONAL BERHAD ("PNB" OR "THE VENDOR") FOR A CASH CONSIDERATION OF RM45.0 MILLION ("PROPOSED ACQUISITION")

Further to the disclosure made in Section 8 of the announcement made on 27 December 2019, the Board of Directors of Atrium REIT Managers Sdn Bhd, wishes to inform that the applicable percentage ratio pursuant to Paragraph 10.02(g)(vi) of the Main Market Listing Requirement of Bursa Malaysia Securities Berhad (i.e. the percentage ratio in relation to the commission to be received by the real estate agency appointed by PNB) is 0.23% of the total asset value of Atrium REIT, based on Atrium REIT’s audited financial statements for the financial year ended 31 December 2018.

 

The announcement is dated 2 January 2020.

 

 



Announcement Info

Company Name ATRIUM REAL ESTATE INVESTMENT TRUST
Stock Name ATRIUM
Date Announced 02 Jan 2020
Category General Announcement for PLC
Reference Number GA1-02012020-00051


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